Ford Discontinues Production Of Most Car Models
Ford's decision to discontinue almost all of its car models in North America within two years will leave its Canadian operations intact, since they are focused mainly on sport utility vehicles and light trucks.
Jerry Dias, national president of Unifor, said his union's members at Canadian Ford plants won't be affected in the short term by the accelerated cost-cutting program announced Wednesday.
Negotiations surrounding the North American Free Trade Agreement are another factor, he added.
"I don't think you're going to see Ford make any sort of major announcement in the facilities where they're making the Fiesta and Fusion until after NAFTA's done."
Ford said Wednesday — when it announced first-quarter results — it's aiming for an additional $11.5 billion in cost cuts and efficiencies, bringing the total to $25.5 billion expected by 2022.
Ford previously predicted $14 billion in cuts by 2022.
https://m.huffingtonpost.ca/2018/04/26/ford-discontinues-car-production_a_23421352/
Ford's decision to discontinue almost all of its car models in North America within two years will leave its Canadian operations intact, since they are focused mainly on sport utility vehicles and light trucks.
Jerry Dias, national president of Unifor, said his union's members at Canadian Ford plants won't be affected in the short term by the accelerated cost-cutting program announced Wednesday.
Negotiations surrounding the North American Free Trade Agreement are another factor, he added.
"I don't think you're going to see Ford make any sort of major announcement in the facilities where they're making the Fiesta and Fusion until after NAFTA's done."
Ford said Wednesday — when it announced first-quarter results — it's aiming for an additional $11.5 billion in cost cuts and efficiencies, bringing the total to $25.5 billion expected by 2022.
Ford previously predicted $14 billion in cuts by 2022.
https://m.huffingtonpost.ca/2018/04/26/ford-discontinues-car-production_a_23421352/